RCS - Lexington Gold Ltd - U.S. Recognises Gold as a Strategic Mineral

Lexington GoldAnnouncement

25/03/2025 07:15

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RNS Number : 9532B  Lexington Gold Limited  25 March 2025

25 March 2025

Lexington Gold Ltd

("Lexington Gold" or the "Company")

 

U.S. Executive Order Recognises Gold as a Strategic Mineral

 

Lexington Gold (AIM: LEX | OTCQB: LEXLF), a gold exploration and development
company with assets in both the United States and South Africa, notes and
welcomes the recent Executive Order issued by U.S. President Donald Trump on
20 March 2025, which outlines a comprehensive framework to accelerate domestic
mineral production across the United States.

 

The Executive Order, titled "Immediate Measures to Increase American Mineral
Production", identifies gold among a group of minerals considered critical to
U.S. national interests. This designation marks a significant policy
development and reinforces the importance of U.S. based gold resources within
the broader context of economic security and strategic resilience.

 

A full copy of the Executive Order can be accessed here:

https://www.whitehouse.gov/presidential-actions/2025/03/immediate-measures-to-increase-american-mineral-production/
(https://www.whitehouse.gov/presidential-actions/2025/03/immediate-measures-to-increase-american-mineral-production/)

 

Implications for Lexington Gold and its U.S. Projects:

 

Strategic Endorsement of Gold

•     Gold is now explicitly included within the critical mineral
framework under U.S. law (30 U.S.C. 1606(a)(3)), thereby enhancing its
significance as a domestic resource.

•     The Board believes this policy shift affirms the strategic
relevance of Lexington Gold's exploration portfolio in the Carolinas.

 

Regulatory Acceleration

•     Federal agencies are directed to expedite the permitting and
regulatory processes for priority mineral projects.

•     This may potentially support the Company's goal of advancing its
exploration workstreams efficiently and within a more supportive policy
environment.

 

Federal Support and Incentivisation

•     The Executive Order opens avenues for U.S. government support,
including access to potential funding and investment incentives through
federal channels.

•     Lexington Gold is actively reviewing these potential benefits in
the context of its current and planned future project development activities.

 

Focus on Domestic Resource Independence

•     The United States' commitment to strengthening domestic supply
chains and reducing dependence on foreign mineral imports is fully aligned
with Lexington Gold's mission to responsibly develop gold assets on U.S. soil.

 

 

Bernard Olivier, Chief Executive Officer of Lexington Gold, commented:

"The inclusion of gold as a strategic mineral within the U.S. Executive Order
is a timely and highly encouraging development. It reflects a broader
recognition of gold's multifaceted role in financial security, economic policy
and industrial resilience. Lexington Gold is proud to be operating in both the
United States and South Africa, and we see this Executive Order as a potential
catalyst for enhanced engagement, support, and long-term value creation across
our portfolio."

 

 

The Company intends to engage constructively with relevant U.S. agencies to
explore pathways for aligning its operations with the initiatives set out in
the Executive Order. Lexington Gold remains committed to its core principles
of responsible exploration, community engagement and sustainable value
generation for its stakeholders.

 

 

 

For further information, please contact:

 

 Lexington Gold Ltd                                     www.lexingtongold.co.uk (http://www.lexingtongold.co.uk)

 Bernard Olivier (Chief Executive Officer)              via Yellow Jersey

 Edward Nealon (Chairman)

 Mike Allardice (Group Company Secretary)

 Yellow Jersey PR Limited (Financial Public Relations)  www.yellowjerseypr.com (http://www.yellowjerseypr.com)

 Charles Goodwin / Annabelle Wills                      T: +44 7747 788 221

 

 

Note to Editors:

 

Lexington Gold (AIM: LEX | OTCQB: LEXLF) is a gold exploration and development
company currently holding interests in four diverse gold projects, covering a
combined area of approximately 1,675 acres in North and South Carolina, USA
and in six gold projects covering approximately 114,638 hectares in South
Africa.

 

Further information is available on the Company's website:
www.lexingtongold.co.uk (http://www.lexingtongold.co.uk) or follow us through
our social media channel:

X: @LexGoldLtd

 

Neither the contents of the Company's website nor the contents of any website
accessible from hyperlinks on the Company's website (or any other website) is
incorporated into, or forms part of, this announcement.

 

 

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